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 Commentary: For today's chart we've chosen to take a look at DE because the recent pullback has caused the shares to trade within a previous trading range. As you can see from the chart below, the price levels near $74.30 and $57.50 have historically acted as strong support and resistance, which means that it may be possible to see DE remain trading between these two levels for a while. We've also plotted the 50-day moving average (green line) onto the chart because it is in the process of crossing below the 200-day moving average (pink line). This bearish crossover could be used by technical traders to suggest a further decline, or even a longer-term move toward the support near $57.50.

Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor

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